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BitShares X Testnet
BitShare's Stan Latimer has taken it upon himself to devise Three Laws of Robotics for Distributed Autonomous Corporations:A DAC must always obey its own published business rules.A DAC must never change its rules without consent of its stakeholders, except where such change would conflict with the First Law.A DAC must protect its own existence, as long as such protection does not conflict with the first two laws.According to Larimer, a DAC's mission statement — or utility function — would be "typically implemented as publicly auditable open-source software distributed across the computers of their stakeholders."
According to Daniel Latimer, who Aeon Magazine describes as a "fairly radical" libertarian, "decentralized technologies will make governments entirely irrelevant, ineffective and unable to do anything."
P.S. I would edit this thread title to include [io9 Article] otherwise it may get overlooked from people thinking its a newbie question thread.
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